Word: absorbed
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What Price Inflation? If the banks fail to absorb Government loans on a voluntary basis the Government expert comforts himself that he can always sell his bonds to the Federal Reserve. Selling the Government bonds to the banks is of course inflationary because it adds to the amount of credit money in circulation. But selling them to the central bank is the next thing to printing greenbacks. (France followed that road to inflation in the early '20s.) It means one more retreat from what the Treasury itself has said was its wartime objective: to cut down the sale...
This is a conversion as complete and necessary as that of American industry. A fighting force of thirteen million men will absorb practically all men eligible for college training. Without students there can be no universities, but college facilities, like those of industry, can be converted for war. If the modern Army calls for men acquainted with machines and complex technical apparatus, the colleges must provide them. If modern war calls for men sufficiently versed in their history to know for what they fight, the colleges can supply them...
...favorable period 30 years ago. Now they wanted a 12% bonus above this; and wanted 90% parity prices guaranteed them by Government loans. If there were a loss, the Government, meaning the U.S. people, would take it; if there were a profit, the top-drawer farmers would absorb...
...Government buying will absorb nearly 35-40% of this season's canned fruits & vegetables, 60-80% of tinned fish, a good part of the canned soup (so that all will get a fair share of what is left, OPA will ration distribution, which will probably mean that independents will get more than their share of what is left...
...purpose of taking the course, from Wagenfeld's point of view, is "to absorb as much knowledge as we possibly can," on the theory that to acquire an understanding of industrial problems is to win half the battle for industrial peace...